News Column

MillerCoors Urban Entrepreneurs Series Calls for Entries for its $150,000 Prize Pool

September 14, 2010
Entrepreneurs

In its efforts to empower urban and multicultural communities by offering small businesses the unique opportunity to vie for $150,000 in business grants with its signature program, the MillerCoors Urban Entrepreneurs Series (MUES) and Business Plan Competition. The award-winning program, which debuted in 1999, provides training and resources to aspiring entrepreneurs and has awarded more than 1.4 million dollars in small business grants, since its inception.

"The MillerCoors Urban Entrepreneurs Series (MUES) was created to help empower small urban businesses and we are proud to continue our commitment. In this tough economic climate, we recognize that entrepreneurship is the driving force to our country's economic recovery," said Larry Waters, director of multicultural relations for MillerCoors. "The talent we see through our competition is quite impressive and we hope that that these businesses will one day become MillerCoors suppliers," he continued.

An integral component of MUES is the Business Plan Competition, which grants aspiring professionals start-up capital for their new or existing businesses. This year's top winner will be awarded a $50,000 grant, and four others will each receive $25,000 grants. Competitors also have the opportunity to become a potential qualified MillerCoors supplier. The competition is open to participants between the ages of 21 and 35 and their business existence must not exceed five years. All entries must be submitted to www.MillerCoorsMUES.com by Thursday, October 1, 2010 at 12:00 noon (CST). More than 1,500 business plans have been submitted to the MUES program and more than 100 urban entrepreneurs have received support from MillerCoors. More than 50 percent of past winning business are still operating and still benefiting urban communities by providing jobs and sustaining economic growth and development.

The MUES website, www.MillerCoorsMUES.com houses all MUES information such as business resources, MUES TV - which broadcasts videos giving a behind-the-scenes look at the competition, the application and instructions on how to submit a business plan. The Web site provides much-needed tools for rising entrepreneurs to start, run and expand their businesses efficiently through podcasts and links that will help them to:

MUES also provides the opportunity for entrepreneurs to network and gain valuable insight from judges, community partners and other business owners with the help of Twitter, Facebook and the MUES blog. The 2009 grand-prize winner Rex Wills commented that the resources and networking MUES provides is invaluable, "Seek a mentor, not only from the business level, but from a personal perspective, because being an entrepreneur and a leader has as much to do with you as it does your business. I encourage participants to connect with current and past winners. No one knows the true experience of being in the judging room other than people who have reached that level."

For all information on MUES, including official rules, application and requirements of the Business Plan Competition and helpful resources for developing a business plan, visit www.MillerCoorsMUES.com.



Source: HispanicBusiness.com (c) 2010. All rights reserved.


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